‘iPhone 8’ Pricing ‘Very Likely’ to Cost Over $1000 USD: Report

Apple’s next iPhone will mark ten years of the device, and the design and features are expected to be some of the biggest changes yet. But the next phone and its cool features will cost you, claims sources speaking to Fast Company.

iPhone 8 Concept by Imran Taylor

What will the ‘iPhone 8’ or ‘iPhone X’ cost? An unnamed source “with knowledge of Apple’s plans” told the publication the price will be “very likely north of $1,000 [USD]”.

Why so much for the next iPhone? It’s said the new edge-to-edge OLED display will cost Apple twice the price of its traditional LCD components used in current iPhones. Meanwhile, an additional memory bump will increase the cost too.

The new iPhone will have a forged stainless steel sides, with a glass back instead of metal, claims a source, while the Home button may disappear, but rather become embedded into the display.

Side buttons may possibly disappear in favour of touch-sensitive inlays, while the battery will also increase in size. Intel again will have its modems inside the next iPhone, with Qualcomm chips as well. Sources also cite the recent rumour of an accelerated production schedule is false, as suppliers have not hinted at any changes.

The 5.8-inch ‘iPhone 8’ will debut alongside a 4.7-inch ‘iPhone 7s’ and 5.5-inch ‘iPhone 7s Plus’, claims their source. The 5.8-inch ‘iPhone 8’ and ‘7s Plus’ are expected to both have dual-lens cameras.

Fast Company also reports “several” sources claims Apple has been hoarding up the limited OLED display manufacturing capacity (which consists of Samsung and a couple other Asian manufacturers), which is said to hurt smaller smartphone makers, with only Samsung meeting Apple’s strict quality requirements.

With the Canadian dollar sitting lower than the USD, expect local pricing to increase, yet again. Currently, the iPhone 7 and iPhone 7 Plus pricing is as follows in Canada:

iPhone 7

  • 32GB; 128GB; 256 GB: $899; $1029; $1159

iPhone 7 Plus

  • 32GB; 128GB; 256 GB: $1049; $1179; $1309

If the starting price is $1,000 USD for the ‘iPhone 8’ at 32GB, that could mean at least a $1365 CAD starting price for the same model, based on Apple’s exchange rate of 36.5% for the current base iPhone 7 Plus (starts at $769 USD).

Looking forward to the tenth anniversary iPhone and all the miracle cures it may offer you? Better get your bags of cash ready and waiting, folks!